How Natural Is the Natural Rate of Unemployment?
نویسندگان
چکیده
منابع مشابه
Assessing the Natural Rate of Unemployment
It has long been argued (Blanchard et al., 1992; Blanchard and Katz, 1997) that shifts in local labor market conditions, geographic variation in labor force demographics (labor supply), and sectoral shifts in industrial patterns (labor demand) might influence the natural rate of unemployment. On the supply side of the labor market this could occur through divergent trends in differential attach...
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Inflation-targeting central banks have only imperfect knowledge about the effect of policy decisions on inflation. An important source of uncertainty is the relationship between inflation and unemployment. This paper studies the optimal monetary policy in the presence of uncertainty about the natural unemployment rate, the short-run inflation-unemployment tradeoff and the degree of inflation pe...
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OECD unemployment rates show long swings which dominate shorter business cycle components and these long swings show a range of common patterns. Using a panel of 21 OECD countries 1960-2002, we estimate the common factor that drives unemployment by the first principal component. This factor has a natural interpretation as a measure of global expected returns, which is given added plausibility b...
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Exposed disagreement is extremely rare in natural dialogue. Although informal argumentation features frequently in natural dialogue, the ways in which individuals make and evidence claims and position their opinions in relation to those of others is often achieved through more subtle and oblique methods. This makes natural dialogue distinct from more formal or institutionalised contexts. With i...
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ژورنال
عنوان ژورنال: Challenge
سال: 2015
ISSN: 0577-5132,1558-1489
DOI: 10.1080/05775132.2015.998151